Archive for August 2016

Trade Like You Backtest

Aug 31st, 2016 | By | Category: Free Daily Trading Video
Options traders frequently deviate from their own backtested trade guidelines when trading live with real money because they get emotional or affected by news. In this video Seth Freudberg explains the fallacy in that approach. Read more [...]

There is another way to a higher PnL

Aug 30th, 2016 | By | Category: General Comments
In this blog post, I will challenge you to find another way to a higher PnL.  We will use a trade review from a conscientious trader to teach  this principle. This is a common mistake of stunted thinking made by developing traders. It is one where human nature leads us against our self-interest. If you can learn to think differently about your potential progress, you just might make some. At the end of each day, one of our promising traders loops me into his trade review.   I look forward to these reviews that hit my inbox right after the close.  Because that is what a consciencious trader does.  Today he wrote: SPU Read more [...]

Here is how you trade bigger

Aug 29th, 2016 | By | Category: General Comments
Hi Mike, I am quite consistent stock traders for years. I have a trading matter that needs your professional advice. I have the tendency to go 'big' in size when I have the profits in my account or when a particular stock that I familiar with which I had been making consistent money from it. When under this situation sometimes I will become overconfidence and take over big position for the stocks. When the stock direction move against me will lead me to big losses and sometimes wipe out major part of my trading account profits for that particular month. (this behaviour keep on recurring from time to time especially I had Read more [...]

How To Identify A Long Term Bottom–Twitter

Aug 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I discuss the process by which Twitter formed a long term bottom in 2016. This lesson has broad applicability for traders/investors attempting to catch larger moves (30%+) in the stock market. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] Steven Spencer is currently long TWTR Read more [...]

This is Trading

Aug 25th, 2016 | By | Category: Free Daily Trading Video
In this video, Mike Bellafiore, breaks down the essence of trading with an in depth look into Lowe's. Read more [...]

Characteristics of Champions (Traders)

Aug 25th, 2016 | By | Category: General Comments
In the video below, Michael Phelps' coach, Bob Bowman, presents the Characteristics of Champions. As traders we can learn from this talk to help achieve our goals. Coach Bowman breaks down success into three steps: 1) Visualize your goal 2) Develop a plan/routine to achieve your goal 3) Execute on your plan What is your goal as trader? Make it specific. For the developing trader, you might visualize becoming a Consistently Profitable Trader. Next develop a plan to achieve your goal. We say, develop a routine. What are the things you will do each day to drive your improvement? Last week we sequestered our newest traders Read more [...]

When I heard the learn’d trader

Aug 24th, 2016 | By | Category: General Comments
    When I heard the learn’d trader, When the proofs, the figures, were ranged in columns before me, When I was shown the charts and diagrams, to buy, sell, and short them, When I sitting heard the trader where he lectured with much applause in the lecture-room, How soon unaccountable I became tired and sick, Till rising and gliding out I wander’d off by myself, Sat down at my trading station, and from time to time, Look’d up in perfect silence at the markets. *adapted from When I Heard the Learn'd Astronomer, Walt Whitman **no relevant positions Read more [...]

SMBU’s Options Tribe Webinar: Paul Forchione of Optionvue Systems, International: The Strangle Swap Options Strategy

Aug 24th, 2016 | By | Category: Options Education, Seth Freudberg's Blogs
Option Strategist Paul Forchione of Optionvue Systems, International will show how he uses OptionVue software to structure and analyze Strangle Swap strategies to earn positive theta while minimizing exposure to implied volatility. Read more [...]